BitGo reported a $50 million loss in Q4, with shares dropping over 8% on Thursday
Foresight News reported, according to The Wall Street Journal, that cryptocurrency infrastructure company BitGo posted a $50 million loss in its first quarterly report after its IPO, due to a decline in digital asset prices at the end of last year reducing the value of its Bitcoin holdings. A certain exchange’s share price fell more than 8% on Thursday, closing at a record low, but slightly rebounded in after-hours trading, rising about 2.2%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WTI Crude Oil Drops Over 1.00% Today, Currently at $88.55 per Barrel
Summary of the Bank of Japan's September meeting opinions: Majority of members advocate for continued rate hikes, some call for acceleration.
The summary of the Bank of Japan's September meeting opinions shows that some policymakers believe it is necessary to accelerate interest rate hikes or bring rates closer to the central bank's "target" as soon as possible, increasing the likelihood of further rate hikes.
National Mobilization: An AI Economic War Without a Ceasefire Day
British Pound retreats further from one-week top as USD buying remains unabated
Crypto prices
More
